Company Quick10K Filing
TEGNA
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 218 $3,242
10-Q 2019-11-07 Quarter: 2019-09-30
10-Q 2019-08-06 Quarter: 2019-06-30
10-Q 2019-05-09 Quarter: 2019-03-31
10-K 2019-03-01 Annual: 2018-12-31
10-Q 2018-11-08 Quarter: 2018-09-30
10-Q 2018-08-07 Quarter: 2018-06-30
10-Q 2018-05-08 Quarter: 2018-03-31
10-K 2018-03-01 Annual: 2017-12-31
10-Q 2017-11-08 Quarter: 2017-09-30
10-Q 2017-08-07 Quarter: 2017-06-30
10-Q 2017-05-09 Quarter: 2017-03-31
10-K 2017-02-28 Annual: 2016-12-31
10-Q 2016-11-09 Quarter: 2016-09-30
10-Q 2016-08-05 Quarter: 2016-06-30
10-Q 2016-05-04 Quarter: 2016-03-31
10-K 2016-02-29 Annual: 2015-12-31
10-Q 2015-11-06 Quarter: 2015-09-27
10-Q 2015-08-05 Quarter: 2015-06-28
10-Q 2015-05-06 Quarter: 2015-03-29
10-K 2015-02-25 Annual: 2014-12-28
10-Q 2014-11-05 Quarter: 2014-09-28
10-Q 2014-07-30 Quarter: 2014-06-29
10-Q 2014-05-07 Quarter: 2014-03-30
10-K 2014-02-27 Annual: 2013-12-29
10-Q 2013-11-06 Quarter: 2013-09-29
10-Q 2013-08-07 Quarter: 2013-06-30
10-Q 2013-05-08 Quarter: 2013-03-31
10-K 2013-02-26 Annual: 2012-12-30
10-Q 2012-10-31 Quarter: 2012-09-23
10-Q 2012-08-01 Quarter: 2012-06-24
10-Q 2012-05-02 Quarter: 2012-03-25
10-K 2012-02-22 Annual: 2011-12-25
10-Q 2011-11-02 Quarter: 2011-09-25
10-Q 2011-08-03 Quarter: 2011-06-26
10-Q 2011-05-04 Quarter: 2011-03-27
10-K 2011-02-23 Annual: 2010-12-26
10-Q 2010-11-01 Quarter: 2010-09-26
10-Q 2010-07-30 Quarter: 2010-06-27
10-Q 2010-05-04 Quarter: 2010-03-28
10-K 2010-02-24 Annual: 2009-12-27
8-K 2020-01-09 Off-BS Arrangement, Other Events, Exhibits
8-K 2020-01-07 Regulation FD
8-K 2020-01-07 Other Events, Exhibits
8-K 2019-12-03 Regulation FD, Exhibits
8-K 2019-11-07 Earnings, Exhibits
8-K 2019-09-19 Regulation FD, Other Events, Exhibits
8-K 2019-09-13 Off-BS Arrangement, Other Events, Exhibits
8-K 2019-09-11 Other Events, Exhibits
8-K 2019-09-09 Regulation FD
8-K 2019-09-09 Other Events, Exhibits
8-K 2019-08-21 Regulation FD, Exhibits
8-K 2019-08-15 Enter Agreement, Off-BS Arrangement
8-K 2019-08-06 Earnings, Exhibits
8-K 2019-06-10 Enter Agreement, Exhibits
8-K 2019-05-09 Earnings, Exhibits
8-K 2019-04-25 Shareholder Vote
8-K 2019-03-20 Enter Agreement, Exhibits
8-K 2019-03-01 Earnings, Exhibits
8-K 2018-11-08 Earnings, Exhibits
8-K 2018-10-08 Accountant, Exhibits
8-K 2018-09-26 Officers
8-K 2018-09-04 Regulation FD
8-K 2018-08-07 Earnings, Exhibits
8-K 2018-07-24 Amend Bylaw, Exhibits
8-K 2018-06-21 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2018-05-08 Earnings, Exhibits
8-K 2018-04-26 Shareholder Vote
8-K 2018-03-01 Earnings, Exhibits
8-K 2018-02-22 Officers, Amend Bylaw, Regulation FD, Exhibits
8-K 2018-01-10 Officers, Exhibits

TEGNA Financials

TGNA Metrics, Comps, Filings

Annual | Quarterly

Business

We are an innovative media company serving the greater good of our communities - through empowering stories, impactful investigations and extensive marketing services. With 49 television stations and two radio stations in 41 U.S. markets, we are the largest owner of big four network affiliates in the top 25 markets, reaching approximately one-third of all television households nationwide. Each television station also has a robust digital presence across online, mobile and social platforms, reaching consumers whenever, wherever they are. Each month, we reach 50 million consumers on-air and approximately 35 million across our digital platforms. We have been consistently honored with the industry's top awards, including Edward R. Murrow, George Polk, Alfred I. DuPont and Emmy Awards. Through TEGNA Marketing Solutions (TMS), our integrated sales and back-end fulfillment operations, we deliver results for advertisers across television, email, social, and Over the Top (OTT) platforms, including Premion, our OTT advertising network.

All of this is now delivered through a company with one singular focus; in 2017, we completed our transformation into a pure-play broadcast company. On May 31, 2017 we successfully completed the spin-off of Cars.com into a separate stand-alone public company and on July 31, 2017, we completed the sale of our controlling ownership interest in CareerBuilder. The completion of these strategic actions has reduced our debt and has further strengthened our balance sheet, providing us the ability to invest in our media businesses, capitalizing on opportunities for organic and acquisition-related growth. Our media operations generate strong and dependable cash flows and we are financially disciplined, which allows us to return additional value to shareholders through dividends and share repurchases. We are a leader in embracing change and driving innovation across our businesses, and we are well-positioned to benefit from the evolving regulatory environment.

We have one operating and reportable segment which generated revenues of $2.2 billion in 2018. The primary sources of our revenues are: 1) advertising & marketing services revenues, which include local and national non-political advertising, digital marketing services (including Premion), and advertising on the stations' websites and tablet and mobile products; 2) subscription revenues, reflecting fees paid by satellite, cable, OTT (companies that deliver video content to consumers over the Internet) and telecommunications providers to carry our television signals on their systems; 3) political advertising revenues, which are driven by even year election cycles at the local and national level (e.g. 2018, 2016) and particularly in the second half of those years; and 4) other services, such as production of programming from third parties and production of advertising material.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Sinclair Broadcast (SBGI) 4,981 0% 9.3 5% 6,554 5,025 3,152 0 339 843 7,815
Nexstar Media Group (NXST) 4,805 0% 10.9 5% 7,032 5,073 2,767 0 381 779 8,510
Tribune Media (TRCO) 4,127 0% 6.3 4% 8,463 4,796 2,016 0 364 911 5,726
TEGNA (TGNA) 3,242 50% 8.1 8% 5,413 3,933 2,235 1,125 412 765 6,178
Pandora (P) 2,533 33% -9.4 -28% 1,173 607 1,517 503 -332 -255 2,401
Gray Television (GTN) 1,603 0% 13.5 3% 7,001 4,988 1,634 0 176 404 5,452
EW Scripps (SSP) 1,203 0% 13.9 1% 3,048 1,300 0 34 179 2,484
Central European Media Enterprises (CETV) 1,112 45% 5.8 12% 1,469 916 682 304 180 294 1,704
Entercom Communications (ETM) 813 0% -23.8 -8% 4,125 2,777 1,480 0 -321 -105 2,499
Entravision Communications (EVC) 249 21% 13.1 -1% 700 397 291 61 -5 33 437
Townsquare Media (TSQ) 139 0% 9.8 -0% 1,013 668 430 0 -1 65 637
Urban One (UONE) 107 52% 3.9 11% 1,269 1,077 444 229 141 257 1,002
Beasley Broadcast Group (BBGI) 84 0% 7.9 1% 724 445 264 0 10 40 317
Emmis Communications (EMMS) 59 0% 7.3 2% 260 158 114 0 4 19 135
Salem Media (SALM) 49 0% 8.5 -1% 611 395 258 0 -5 36 303
Saga Communications (SGA) 0 0% -1.4 6% 247 59 125 0 14 21 -28
NTN Buzztime (NTN) 0 0% -0.8 -1% 16 9 22 0 -0 1 -1
Liberty Media Corporation (BATRA)
Akazoo (SONG)
Tencent Music (TME)

Balance Sheet ($MM)2009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash991831671754691181297799136
Accounts Receivable760717693679834912556596407425
Inventory647249565039
PP&E1,9721,7581,6401,5194,0081,609458450335375
Assets7,1486,8176,6166,3809,24111,2058,5388,5434,9625,277
Accounts Payable217201189188176247881215383
Long-Term Debt3,0622,3521,9001,6003,7444,5224,2144,0433,0082,960
Liabilities5,3234,3994,1043,8296,3317,6966,0565,9433,9673,936
Stockholders' Equity1,6042,1642,3282,3512,6933,2552,1922,271995
Income Statement ($MM)2009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue5,6135,4395,2405,3535,1616,0083,0513,3411,9032,207
Cost of Revenue1,0399341,066
Gross Profit2,3039691,141
R&D
SG&A1,2071,1881,2231,3031,2921,5391,0681,094287315
Tax194244153195113207106206-137107
Net Income3826235004754461,130523488215406
Cash Flow ($MM)2009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating867773814757511821613683386527
Cash Investing-3563-25-87-1,387-1,662217-273175-374
Cash Financing-833-751-805-6641,170490-820-462-539-145